HydrogenOne Capital Growth made a £10 million investment in HiiROC Limited (“HiiROC”), a supplier of clean hydrogen production technology.
HiiROC’s technology converts biomethane or natural gas into clean hydrogen and carbon black, through a proprietary electrolysis process using thermal plasma. This results in zero CO2 hydrogen production, known as ‘turquoise hydrogen’.
Principal associate Stephen Bowman led the Gowling WLG team to advise HydrogenOne on these investments, working with corporate energy partner and co-leader of the firm’s Hydrogen Group, Gareth Baker (Picture), Hannah Gough (associate, corporate), Luke Kempton (partner, IP), Mathilda Davidson (director, IP) and Catherine Haworth (associate, IP).
Law Firms: Gowling WLG;
Clients: HydrogenOne Capital;